NIO Inc. Provides December, Fourth Quarter and Full Year 2020 Delivery Update
January 03 2021 - 3:00AM
NIO Inc. (“NIO” or the “Company”) (NYSE: NIO), a pioneer in China’s
premium smart electric vehicle market, today provided its December,
fourth quarter and full year 2020 delivery results.
NIO delivered 7,007 vehicles in December 2020,
setting a new monthly record representing a strong 121.0%
year-over-year growth. The deliveries consisted of 2,009 ES8s, the
Company’s 6-seater and 7-seater flagship premium smart electric
SUV, 2,493 ES6s, the Company’s 5-seater high-performance premium
smart electric SUV, and 2,505 EC6s, the Company’s 5-seater premium
electric coupe SUV. NIO delivered 17,353 vehicles in the fourth
quarter of 2020, representing an increase of 111.0% year-over-year
and exceeding the higher end of the Company’s quarterly guidance.
As of December 31, 2020, cumulative deliveries of the ES8, ES6 and
EC6 reached 75,641 vehicles, of which 43,728 were delivered in
2020.
“2020 has been a challenging year for the whole
world. Against this backdrop, NIO has achieved consecutive
record-highs along the way, and closed the year on a high note with
a remarkable December deliveries of over 7,000 vehicles,” said
William Bin Li, founder, chairman, and chief executive officer of
NIO. “These results are attributable to the growing recognition of
our premium brand, the competitive and compelling products and
services, the expanding sales network, and most importantly, the
continuous support from our passionate and loyal user community.
The innovative Battery as a Service (BaaS) model has shown
popularity among our users since its launch. With the 100kWh
battery pack offered as an option, the penetration of BaaS has
reached over 40% among new orders in December, demonstrating its
competitiveness and acceptance by our users. At the fourth NIO Day
scheduled on January 9th, 2021, we will unveil our new sedan model
and share the latest development of our autonomous driving and
other core technologies. Aspired by the spirit of 'Always Forward,'
the theme of the upcoming NIO Day, we will continue investing in
the smart EV technologies, accelerating our new products
development, broadening our sales and service network, and striving
for the best holistic experiences for our growing user community in
2021 and beyond.”
About NIO Inc.
NIO Inc. is a pioneer in China’s premium smart
electric vehicle market. Founded in November 2014, NIO’s mission is
to shape a joyful lifestyle. NIO aims to build a community starting
with smart electric vehicles to share joy and grow together with
users. NIO designs, jointly manufactures, and sells smart premium
electric vehicles, driving innovations in next-generation
technologies in connectivity, autonomous driving, and artificial
intelligence. Redefining the user experience, NIO provides users
with comprehensive and convenient power solutions, the innovative
Battery as a Service (BaaS) model, and other user-centric services.
NIO began deliveries of the ES8, a 7-seater flagship premium
electric SUV, in China in June 2018, and its variant, the 6-seater
ES8, in March 2019. NIO officially launched the ES6, a 5-seater
high-performance premium electric SUV, in December 2018 and began
deliveries of the ES6 in June 2019. NIO officially launched the
EC6, a 5-seater premium electric coupe SUV, in December 2019 and
began deliveries of the EC6 in September 2020.
Safe Harbor Statement
This press release contains statements that may
constitute “forward-looking” statements pursuant to the “safe
harbor” provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as “will,” “expects,” “anticipates,” “aims,”
“future,” “intends,” “plans,” “believes,” “estimates,” “likely to”
and similar statements. Among other things, quotations from
management in this announcement, as well as NIO’s strategic and
operational plans, contain forward-looking statements. NIO may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission (the “SEC”),
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about NIO’s beliefs, plans
and expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: NIO’s strategies; NIO’s future business
development, financial condition and results of operations; NIO’s
ability to develop and manufacture a car of sufficient quality and
appeal to customers on schedule and on a large scale; its ability
to grow manufacturing in collaboration with partners; its ability
to provide convenient charging solutions to its customers; the
viability, growth potential and prospects of the newly introduced
BaaS model; NIO's ability to satisfy the mandated safety standards
relating to motor vehicles; its ability to secure supply of raw
materials or other components used in its vehicles; its ability to
secure sufficient reservations and sales of the ES8, ES6 and EC6;
its ability to control costs associated with its operations; its
ability to build the NIO brand; general economic and business
conditions globally and in China and assumptions underlying or
related to any of the foregoing. Further information regarding
these and other risks is included in NIO’s filings with the SEC.
All information provided in this press release is as of the date of
this press release, and NIO does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
For more information, please visit:
http://ir.nio.com
For investor and media inquiries, please
contact:
NIO Inc.
Investor Relations
Tel: +86-21-6908-2018
Email: ir@nio.com
Source: NIO
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